BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) in the fourth quarter, Holdings Channel.com reports. The fund bought 287,214 shares of the company’s stock, valued at approximately $5,092,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. CYBER HORNET ETFs LLC bought a new position in shares of Host Hotels & Resorts in the 2nd quarter worth about $29,000. Clearstead Advisors LLC increased its stake in shares of Host Hotels & Resorts by 79.6% in the 3rd quarter. Clearstead Advisors LLC now owns 1,773 shares of the company’s stock valued at $30,000 after acquiring an additional 786 shares in the last quarter. MUFG Securities EMEA plc acquired a new position in shares of Host Hotels & Resorts during the 2nd quarter valued at $32,000. Hantz Financial Services Inc. lifted its position in shares of Host Hotels & Resorts by 234.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,911 shares of the company’s stock valued at $33,000 after acquiring an additional 1,339 shares during the period. Finally, Compagnie Lombard Odier SCmA bought a new position in Host Hotels & Resorts during the third quarter worth $34,000. Institutional investors and hedge funds own 98.52% of the company’s stock.
Host Hotels & Resorts Price Performance
Shares of NASDAQ:HST opened at $24.62 on Monday. The business’s 50 day moving average is $21.31 and its 200 day moving average is $19.59. Host Hotels & Resorts, Inc. has a 12-month low of $15.07 and a 12-month high of $24.78. The stock has a market cap of $16.86 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 2.80 and a beta of 1.10. The company has a quick ratio of 7.91, a current ratio of 7.91 and a debt-to-equity ratio of 0.74.
Host Hotels & Resorts Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.80 annualized dividend and a yield of 3.2%. Host Hotels & Resorts’s dividend payout ratio (DPR) is 54.42%.
Insider Activity at Host Hotels & Resorts
In other Host Hotels & Resorts news, EVP Nathan S. Tyrrell sold 58,579 shares of Host Hotels & Resorts stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $22.00, for a total transaction of $1,288,738.00. Following the transaction, the executive vice president owned 697,658 shares of the company’s stock, valued at $15,348,476. This trade represents a 7.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
HST has been the topic of a number of research analyst reports. Stifel Nicolaus set a $26.25 price objective on shares of Host Hotels & Resorts in a research report on Thursday. Morgan Stanley boosted their target price on Host Hotels & Resorts from $20.00 to $22.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. Argus raised Host Hotels & Resorts to a “strong-buy” rating in a research note on Wednesday, March 18th. Truist Financial increased their price target on Host Hotels & Resorts from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. raised their price objective on Host Hotels & Resorts from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.87.
Get Our Latest Stock Analysis on HST
Host Hotels & Resorts Profile
Host Hotels & Resorts, Inc is a real estate investment trust (REIT) focused on owning and managing premium lodging properties. The company’s portfolio predominantly comprises luxury and upper-upscale hotels and resorts operated under leading global brands. Through strategic acquisitions, dispositions and capital investments, Host Hotels & Resorts seeks to enhance long-term value by aligning property-level operating performance with broader market trends in hospitality demand.
The company’s holdings span major urban, resort and conference destinations across North America, Europe and the Asia-Pacific region.
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